For Quick Alerts
For Daily Alerts

Stock picks for August 31, 2012


Stock picks for August 31, 2012
Here are a few stock ideas with a long-term perspective in mind.

Power Finance

SP Tulsian, is positive on PFC and advice investors to accumulate at current levels.


Tulsian told CNBC-TV18, "Largely again the concerns on the power generation companies suppose for instance there has been so much noise that coal allocation blocks if gets cancelled then obviously all the power generation stocks, or the companies those who have been going in with their projects will get stranded or will get stuck and obviously that will have the impact on the financing company and PFC and REC both being the largest player in the power finance sector having financed all these projects. So obviously that fear was there because of which both the stocks have corrected."

Tech Mahindra

Ambareesh Baligais, market analysts is bearish on the stock and says to exit Tech Mahindra.

Baliga told CNBC-TV18, "Overall in the IT space itself I have been cautious for a while. So even at these levels one should be exiting both Tech Mahindra as well as Satyam. Although results were good but it has already played out. So really don't see too much of an upside from here. So I think it is time to get out."

Tata Steel

Maximus Securities is bearish on Tata Steel and has recommended sell rating on the stock with a target of Rs 305 in its August 29, 2012 research report.

"Tata Steel Limited formerly TISCO and Tata Iron and Steel Company Limited) established in 1907 is an Indian multinational steel company headquartered in Mumbai, India and subsidiary of Tata Group. It is the tenth-largest steel producing company in the world, with an annual crude steel capacity of 23.5 million tonnes, and the largest private-sector steel company in India measured by domestic production with operations in 26 countries and commercial presence in over 50 countries.

SKS Microfinance

One can buy SKS Microfinance and Bharti Airtel, says Ambareesh Baliga, Market Analyst. SKS Microfinance has again come to those levels where it becomes a buy and I would look at buying in Rs 95-100 range because with a change in the scenario for the Microfinance companies, I think this company will be the biggest beneficiary.


Baliga told CNBC-TV18, "SKS Microfinance is something which I track quite closely and because of that shift to T2T (trade-to-trade), we have seen that correction. So I think it has again come to those levels where it becomes a buy and I would look at buying in that range of Rs 95-100 because with a change in the scenario for the Microfinance compssanies, I think this company will be the biggest beneficiary and I still have that price target of about Rs 140-145. So I think Rs 95-100 is a good range to start buying again."

DISCLAIMER: GoodReturns provides you with information covering shares, futures and options based on broker's reports as stated on various media. Investors are, however, warned that they should NOT take any buy or sell decision based on these views expressed in the article. Investors should consult their own financial and share advisors before taking purchase or sale decisions. GoodReturns does not take any responsibility for any losses incurred by investors who take their cues from the above article.

Read more about: stock picks sks
Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X